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Odfjell SE (OSL:ODF) Cyclically Adjusted Book per Share : kr83.91 (As of Mar. 2024)


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What is Odfjell SE Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Odfjell SE's adjusted book value per share for the three months ended in Mar. 2024 was kr108.843. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is kr83.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Odfjell SE's average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Odfjell SE was 4.80% per year. The lowest was 1.00% per year. And the median was 2.50% per year.

As of today (2024-06-14), Odfjell SE's current stock price is kr165.80. Odfjell SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr83.91. Odfjell SE's Cyclically Adjusted PB Ratio of today is 1.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Odfjell SE was 2.25. The lowest was 0.28. And the median was 0.45.


Odfjell SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Odfjell SE's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Odfjell SE Cyclically Adjusted Book per Share Chart

Odfjell SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.62 71.98 73.85 76.83 82.64

Odfjell SE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 78.32 80.66 80.70 82.64 83.91

Competitive Comparison of Odfjell SE's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, Odfjell SE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Odfjell SE's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Odfjell SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Odfjell SE's Cyclically Adjusted PB Ratio falls into.



Odfjell SE Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Odfjell SE's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=108.843/132.6000*132.6000
=108.843

Current CPI (Mar. 2024) = 132.6000.

Odfjell SE Quarterly Data

Book Value per Share CPI Adj_Book
201406 54.240 97.500 73.766
201409 49.857 98.500 67.117
201412 53.474 98.600 71.913
201503 55.747 99.200 74.517
201506 57.254 100.100 75.843
201509 61.774 100.600 81.424
201512 64.684 100.900 85.006
201603 63.393 102.500 82.009
201606 63.565 103.800 81.202
201609 71.258 104.200 90.680
201612 78.343 104.400 99.505
201703 78.218 105.000 98.778
201706 77.275 105.800 96.849
201709 70.973 105.900 88.867
201712 86.316 106.100 107.875
201803 80.537 107.300 99.527
201806 68.585 108.500 83.819
201809 68.361 109.500 82.782
201812 65.825 109.800 79.494
201903 63.800 110.400 76.629
201906 61.878 110.600 74.186
201909 63.460 111.100 75.741
201912 63.136 111.300 75.219
202003 66.725 111.200 79.566
202006 66.489 112.100 78.648
202009 65.111 112.900 76.472
202012 63.653 112.900 74.760
202103 61.498 114.600 71.157
202106 60.166 115.300 69.194
202109 58.572 117.500 66.099
202112 62.435 118.900 69.629
202203 64.771 119.800 71.691
202206 73.718 122.600 79.731
202209 82.200 125.600 86.781
202212 87.221 125.900 91.863
202303 91.781 127.600 95.377
202306 101.502 130.400 103.214
202309 101.167 129.800 103.349
202312 106.603 131.900 107.169
202403 108.843 132.600 108.843

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Odfjell SE  (OSL:ODF) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Odfjell SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=165.80/83.91
=1.98

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Odfjell SE was 2.25. The lowest was 0.28. And the median was 0.45.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Odfjell SE Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Odfjell SE's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Odfjell SE (OSL:ODF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Odfjell SE (OSL:ODF) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
Conrad Mohrs veg 29, P.O. Box 6101, Postterminalen, Bergen, NOR, 5892
Odfjell SE is a company engaged in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products. It also owns and operates chemical tankers and tank terminals. The Company has two reportable operating segments: The Chemical Tankers involve a round-the-world service, servicing ports in Europe, North, and South America, the Middle East and Asia, Australia, and Africa, and The Tank Terminals segment offers storage of various chemical and petroleum products. It operates through various geographical regions which include North and South America, Norway, Netherlands, Australasia, Africa Middle East, and Asia, and derives a majority of its revenue from the Middle East and Asia.

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